Split Payments’ new director of growth Suzie Slingsby has found her tribe leading the growth and customer acquisition team at Split Payments - one of the first fintechs to use Open Banking technology.
Its technology enables digital account-to-account payments in real time so it can support a business immediately pay a worker at the end of a shift, without the funds needing to go through a traditional settlement process.
So the money will go straight from a restaurant to the staff member, for example.
This may sound like a scary proposition for banks. But it’s important to remember facilitating payments is just one of the roles they pay in a sophisticated and multi-faceted financial services system. Banks remain an important part of the payments infrastructure.
Account-to-account transactions are just one of the functions Split Payments performs. It’s also working on solutions to help eliminate dishonoured payments and reduce cart…